MIRA INFORM REPORT
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Report No. : |
320934 |
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Report Date : |
04.05.2015 |
IDENTIFICATION DETAILS
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Name : |
SPARCKEN COLOURS INDIA PRIVATE LIMITED |
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Registered
Office : |
Ground Floor, Building - F, Adarsh Colony,
Caranzalem, Panaji - 403002, Goa |
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Tel No.: |
91-832-2462427 |
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Country : |
India |
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Date of
Incorporation : |
10.11.2014 |
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Com. Reg. No.: |
007554 |
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Capital Investment
/ Paid-up Capital : |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U36991GA2014PTC007554 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAVCS1443H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
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Manufacture of Stationary Items. |
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No. of Employees
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40 (6 In Office + 34 In
Factory) (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Status : |
New company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company incorporated during 10th November
2014, and it is establishing itself gradually. Mr. Abijit Gaundalkar, Managing Director has provided general
information to us and claimed that company has started its commercial operation
from April 2015. However, trade relations are improving. Business is active. Payments
are reported to be unknown. The company can be considered for business dealing on safe and secured
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
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Name : |
Mr. Abhijit Shivanand Gaundalkar |
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Designation : |
Director |
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Contact No.: |
91-9322120109 |
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Date : |
02.05.2015 |
LOCATIONS
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Registered Office : |
Ground Floor, Building - F, Adarsh Colony,
Caranzalem, Panaji - 403002, Goa, India |
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Tel. No. : |
91-832-2462427 |
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Mobile No. : |
91-9322120109 (Mr. Abhijit Gaundalkar) |
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Fax No. : |
Not Available |
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E-Mail : |
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Location : |
Owned |
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Factory : |
D2 / 2, Tuem Industrial Estate, Tuem Pernem Goa, India |
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Tel. No.: |
91-832-2201005 |
DIRECTORS
As on 04.11.2014
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Name : |
Mr. Rajesh Vassudeo Haldonkar |
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Designation : |
Director |
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Address : |
H. No. 461, Persheth Waddo, Guirim Bardez, Mapusa - 403507, Goa, India |
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Date of Birth/Age : |
22.07.1972 |
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Date of Appointment : |
10.11.2014 |
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Qualification : |
D. MECH. Engg |
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Experience : |
20 Years |
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PAN No.: |
AADPH6381Q |
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DIN No. : |
06976079 |
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Name : |
Mr. Abhijit Shivanand Gaundalkar |
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Designation : |
Director |
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Address : |
F-Bldg, Adarsh Colony, Caranzalem S.O, Panaji - 403002, Goa, India |
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Date of Birth/Age : |
22.12.1965 |
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Qualification : |
B. Engg |
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Experience : |
27 Years |
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Date of Appointment : |
10.11.2014 |
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DIN No. : |
06976088 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 04.11.2014
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Names of Shareholders |
No. of Shares |
%age |
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Abhijit Shivanand Gaundalkar |
999 |
99.90 |
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Rajesh Vassudeo Haldonkar |
1 |
0.10 |
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Total |
1000 |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacture of Stationary Items. |
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Products : |
v Wax Crayons v Plastic Crayons v Oil Pastels v Modelling Dough v Sketch Pens |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS AS
ON 31.03.2014
Products
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Installed Capacity |
Actual Production |
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1] Wax Crayons |
900000sets per month |
450000 sets per month |
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2] Oil Pastels |
150000 sets per month |
25000 sets per month |
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3] Mini Sketch Pens |
100000 sets per month |
100000 sets per month |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
40 (6 In Office + 34 In
Factory) (Approximately) |
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Bankers : |
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Facilities : |
-- |
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Auditors : |
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Name : |
Rahul Mhambre and Associates Chartered Accountants |
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Address : |
Behind Alankar Theatre Mapusa Goa, India |
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Tel. No. : |
91-832-2255768 |
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E-Mail : |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates / Subsidiaries : |
VGV Enterprises Address : 17/185/3, Near Taleigao Church Santismo Taleigao Tiswadi Goa, India Line of Business : Distribution of Amul Ice Cream |
CAPITAL STRUCTURE
As on 04.11.2014
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW BUSINESS
LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
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1] |
Year of Establishment |
Yes |
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2] |
Locality of the firm |
Yes |
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3] |
Constitutions of the firm |
Yes |
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4] |
Premises details |
No |
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5] |
Type of Business |
Yes |
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6] |
Line of Business |
Yes |
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7] |
Promoter's background |
Yes |
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8] |
No. of employees |
Yes |
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9] |
Name of person contacted |
Yes |
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10] |
Designation of contact
person |
Yes |
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11] |
Turnover of firm for last
three years |
No |
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12] |
Profitability for last
three years |
No |
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13] |
Reasons for variation
<> 20% |
----- |
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14] |
Estimation for coming
financial year |
No |
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15] |
Capital in the business |
Yes |
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16] |
Details of sister
concerns |
Yes |
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17] |
Major suppliers |
Yes |
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18] |
Major customers |
Yes |
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19] |
Payments terms |
Yes |
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20] |
Export / Import details
(if applicable) |
No |
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21] |
Market information |
----- |
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22] |
Litigations that the firm
/ promoter involved in |
----- |
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23] |
Banking Details |
Yes |
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24] |
Banking facility details |
No |
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25] |
Conduct of the banking account |
----- |
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26] |
Buyer visit details |
----- |
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27] |
Financials, if provided |
Yes |
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28] |
Incorporation details, if
applicable |
Yes |
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29] |
Last accounts filed at
ROC |
Yes |
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30] |
Major Shareholders, if
available |
Yes |
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31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
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32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
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33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
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34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
No Charges Exist for Company
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report : No
press reports / filings exists on the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.58 |
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1 |
Rs.97.99 |
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Euro |
1 |
Rs.70.53 |
INFORMATION DETAILS
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Information
Gathered by : |
DIP |
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.